Much has
been written about panics
and manias, much more than with the outstretched intellect we are able to
follow or conceive; but one thing is certain, that at particular times a
great deal of stupid people have a great deal of stupid money.... At
intervals, from causes which are not to the present purpose known, the
money of these people - the blind capital, as we call it, of the country -
is particularly large and craving; it seeks for someone to devour it, and
there is a "plethora"; it finds someone, and there is "speculation"; it is
devoured, and there is "panic".

-
Walter Bagehot, "Essay on Edward Gibbon", 1888

All things come to an end, even panics, after they have taken their toll
from the gamblers and adventurers who produced them... but men do not make
panics deliberately, for they are their unconscious agents. - Charles
Albert Collman fromOur Mysterious Panics 1931

"Less than one percent of all humans control
nearly half the world's wealth. It is essential to recognize that the far less than 1% were
not just lucky beneficiaries of a poorly designed system. No, our rulers evolved, designed, and built
this system over many centuries to acquire the wealth and power that they now hold. Elites will
not see this system replaced with a fairer one without a fight, indeed the mother of all
fights." Monetary analyst, Andrew Claire